BEIJING — Alibaba is helping the Chinese military to target the U.S., according to a White House memo, the Financial Times reported Friday. The memo alleged "Alibaba provides tech support for Chinese military 'operations' against targets in the U.S.," according to the FT. The FT said it could not independently...
Category: Finance
Warren Buffett’s Berkshire Hathaway reveals new position in Alphabet
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025.CNBCWarren Buffett's Berkshire Hathaway revealed a new position in Alphabet, making the Google parent the conglomerate's 10th largest equity holding at the end of September, according to a regulatory filing.Berkshire disclosed a $4.3 billion...
Too early to bet against AI trade, State Street suggests
State Street is reiterating its bullish stance on the artificial intelligence trade despite the Nasdaq's worst week since April.Chief Business Officer Anna Paglia said momentum stocks still have legs because investors are reluctant to step away from the growth story that's driven gains all year."How would you not want to...
With stock market concentration risk at peak, ‘it’s cash, precious metals, and then crypto’ as new normal
With a handful of mega-cap tech and AI stocks at the top of the S&P 500 Index dominating the U.S. market in a way without historical precedent, portfolio concentration risk has taken on a new form for investors long told to follow some version of Warren Buffett's stock advice to...
‘The tide went out’: How a string of bad loans has bank investors hunting for hidden risks
Big banks including JPMorgan Chase and Goldman Sachs had just finished taking victory laps after a blockbuster quarter when concerns emerged from an obscure corner of Wall Street, sending a collective shiver through global finance.Regional bank Zions late Wednesday disclosed a near total wipeout on $60 million in loans after...